Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Transcript - SBI Card Q4''FY25 Earning Call
Awaiting price reaction for this filing.
SBI Card filed the transcript of its Q4 FY25 earnings call held on April 24, 2025. For the full year FY25, PAT stood at INR 1,916 crores versus INR 2,408 crores in FY24, while Q4 PAT was INR 534 crores, up 39% QoQ. Q4 revenue was INR 4,832 crores (+8% YoY) and NIM improved to over 11%, aided by lower cost of funds at ~7.2%. Asset quality showed the first quarter of improvement: gross credit cost fell 40 bps to 9%, gross NPA improved 16 bps to 3.08%, Stage 2 assets reduced to 5% from 5.6%, and net slippages improved from 2.2% to 2.1%. The company crossed 2 crore cards-in-force, holds 18.9% market share, and targets 12-14% receivables growth and 18-20% retail spend growth in FY26. Management guided NIM to remain steady with an upward bias and cost-to-income in the 55-57% range.
Positive signals for shareholders — first quarter of credit cost decline after multiple quarters of increase, improving asset quality metrics, and management's upward bias on NIM guidance could support a positive stock reaction. Interim dividend of INR 2.50 per share was declared for FY25.